Other information in the annual report

CR – Nov 2017 – L3 – Q3a – Other information in the annual report

Identify and explain three listing requirements for a company on the Ghana Stock Exchange.

Question

A company is said to be listed when its securities are approved to be bought and sold on the Stock Exchange. Newly issued shares cannot trade in the Over-The-Counter (OTC) Market before getting listed on the Ghana Stock Exchange (GSE). You need to communicate this intention to the GSE and work with the Exchange’s listing requirements before the public floatation.

Required:
Identify and explain THREE requirements a company is expected to meet before it gets listed on the Ghana Stock Exchange.

Answer

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Tags: Capital Markets, Equity, Listing Requirements, Stock Exchange
Level: Level 3

Topic: Other information in the annual report
Series: NOV 2017

CR – Nov 2016 – L3 – Q5e – Other information in the annual report

Discuss the development of integrated reporting from social and environmental reporting.

Question

Integrated reporting advances the proposition that sustainability reporting and financial
reporting are inherently linked and thus would benefit from merging.
Required:
Discuss how integrated reporting has developed from social and environmental reporting.

Answer

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Tags: Financial Reporting, Integrated Reporting, Sustainability Reporting
Level: Level 3

Topic: Other information in the annual report
Series: NOV 2016

CR – Nov 2016 – L3 – Q2e – Other information in the annual report

Determine the classification and disclosure of related party transactions for Mane Ltd in accordance with IAS 24

Question

Mane Ltd is an entity specializing in importing a wide range of non-food items and selling them to retailers. Aqeel is Mane’s CEO and founder and owns 40% of Mane’s equity shares:

i) Mane’s largest customer, Zico, accounts for 35% of Mane’s revenue. Zico has just completed negotiations with Mane for a special 5% discount on all sales.
ii) During the accounting period, Aqeel purchased a property from Mane for GH¢500,000. Mane had previously declared the property surplus to its requirements and had valued it at GH¢750,000.
iii) Aqeel’s son, Sherif, is a director in a financial institution, Cheap Capital. During the accounting period, Cheap Capital advanced GH¢2 million to Mane as an unsecured loan at a favorable rate of interest.

Required:
Explain, with reasons, the extent to which each of the above transactions should be classified and disclosed in accordance with IAS 24 Related Party Disclosures in Mane’s financial statements for the period.
(4 marks)

Answer

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Tags: Disclosure, Financial Statements, IAS 24, Related Party Transactions
Level: Level 3

Topic: Other information in the annual report
Series: NOV 2016

CR – Nov 2017 – L3 – Q3a – Other information in the annual report

Identify and explain three listing requirements for a company on the Ghana Stock Exchange.

Question

Required:
Identify and explain THREE requirements a company is expected to meet before it gets listed on the Ghana Stock Exchange.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Capital Markets, Equity, Listing Requirements, Stock Exchange
Level: Level 3

Topic: Other information in the annual report
Series: NOV 2017

CR – Nov 2016 – L3 – Q5e – Other information in the annual report

Discuss the development of integrated reporting from social and environmental reporting.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Reporting, Integrated Reporting, Sustainability Reporting
Level: Level 3

Topic: Other information in the annual report
Series: NOV 2016

CR – Nov 2016 – L3 – Q2e – Other information in the annual report

Determine the classification and disclosure of related party transactions for Mane Ltd in accordance with IAS 24

Question

Mane Ltd is an entity specializing in importing a wide range of non-food items and selling them to retailers. Aqeel is Mane’s CEO and founder and owns 40% of Mane’s equity shares:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Disclosure, Financial Statements, IAS 24, Related Party Transactions
Level: Level 3

Topic: Other information in the annual report
Series: NOV 2016

Topic: Other information in the annual report

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CR – Nov 2017 – L3 – Q3a – Other information in the annual report

Identify and explain three listing requirements for a company on the Ghana Stock Exchange.

CR – Nov 2016 – L3 – Q5e – Other information in the annual report

Discuss the development of integrated reporting from social and environmental reporting.

CR – Nov 2016 – L3 – Q2e – Other information in the annual report

Determine the classification and disclosure of related party transactions for Mane Ltd in accordance with IAS 24

CR – Nov 2017 – L3 – Q3a – Other information in the annual report

Identify and explain three listing requirements for a company on the Ghana Stock Exchange.

CR – Nov 2016 – L3 – Q5e – Other information in the annual report

Discuss the development of integrated reporting from social and environmental reporting.

CR – Nov 2016 – L3 – Q2e – Other information in the annual report

Determine the classification and disclosure of related party transactions for Mane Ltd in accordance with IAS 24

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Identify and explain three listing requirements for a company on the Ghana Stock Exchange.

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CR – Nov 2016 – L3 – Q5e – Other information in the annual report

Discuss the development of integrated reporting from social and environmental reporting.

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Determine the classification and disclosure of related party transactions for Mane Ltd in accordance with IAS 24

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Identify and explain three listing requirements for a company on the Ghana Stock Exchange.

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CR – Nov 2016 – L3 – Q5e – Other information in the annual report

Discuss the development of integrated reporting from social and environmental reporting.

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Determine the classification and disclosure of related party transactions for Mane Ltd in accordance with IAS 24

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